Looking Ahead - an update on key priorities at the FSA | March 2022

On Friday 4th March newly appointed Financial Services Authority CEO, Bettina Roth, set out the regulator’s overall direction of travel and highlighted the strategic priorities that will guide the FSA’S work in 2022 and beyond.

Date: Tuesday 08 March 2022

Her honest and insightful presentation was extremely well received by a large audience of Chamber members predominantly from the Island’s Finance and Professional services sector.

Members were encouraged to hear that the regulator is extremely keen to forge and develop a more open dialogue with Chamber and its strong network.    Bettina reiterated that our Island is very much open for business and the FSA will continue to adapt and adopt a more digital approach.    Attendees heard more about the FSA’s ‘Innovation Hub’ and were encouraged to get involved in the 2022 Fintech Innovation Challenge.

 

Bettina commented ‘I am grateful for the opportunity to speak to the Chamber of Commerce and will seek to maintain a strong working relationship with members in the future. Collaboration between the Authority and industry is key to ensuring the Isle of Man continues to build a sustainable and diverse economy in line with the ambitions of the Island Plan. By working in partnership, and talking openly and honestly, I am confident the Isle of Man will continue to flourish as a responsible and forward-looking international finance centre.’

 

The event would not have been possible without the very generous support of Sustaining Chamber members, KPMG who sponsored the event. Elaine McCormack, Associate Director at KPMG opened the event said ‘KPMG are delighted to continue our sponsorship of these important Chamber events. The collaborative working relationship with the Authority and industry continues to be of paramount importance given the constant changes to the risks our businesses face. Local companies are having to react very quickly as world events develop, and the communication and support of the regulator is key.’